Exit Options in Corporate Finance: Liquidity versus Incentives

By Philippe Aghion, Patrick Bolton, Jean Tirole. 2004

143 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cfd90c4338774c048bde33e08d38073ef228c45a

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Citations in the corpus

The 'Wall Street Walk' and Shareholder Activism: Exit as a Form of Voice (2007, unknown): “…Gromb, and Panunzi (1997); Bolton and Von Thadden (1998); Kahn and Winton (1998); Maug (1998); Katz and Owen (2001); Tirole (2001); Noe (2002); Aghion, Bolton, and Tirole (2004); Faure-Grimaud and Gromb (2004); Hartzell and Starks (2004); Mello and Repullo (2004); Yung (2005); and Attari,…”
Did Securitization Lead to Lax Screening ? Evidence From Subprime Loans 2001-2006 ∗ (2008, unknown): “As an additional check, we conducted permutation tests (or “randomization” tests), where we varied the location of the discontinuity (Ti) across the range of all possible FICO scores and re-estimated equation (1).”
Loan Sales and Relationship Banking (2008, background): “This distinguishes our paper from Aghion et al. (2004), who assume full commitment in a related framework.”
Governance Through Trading and Intervention: A Theory of Multiple Blockholders (2011, background): “p(ỹ) = φa log (1 + a) + φb log (1 + ∑ ibi) + λỹ, (3)”
Partnership Firms, Reputation and Human Capital (2004, unknown): “The associated contract design issues are studied in a venture capital setting by Philippe Aghion et al. (2000): they are not germane to our discussion.”
Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans (2007, background): “Aghion, Bolton, and Tirole (2004) derive a model to describe the incentives of general partners in venture capital syndicates, and Lerner (1994) and Amit, Brander, and Antweiler (2002) empirically evaluate venture capital syndicates.”
Illiquidity and All Its Friends (2011, background): “On this see Aghion et al (2004).”
The Effect of Capital Market Characteristics on the Value of Start-Up Firms (2004, background): “Related is also Aghion, Bolton, and Tirole (2000).”
The Illiquidity Puzzle: Theory and Evidence from Private Equity (2004, background): “Most of these papers rely on the intuition that increased liquidity reduces the incentives for large shareholders to fulfill their monitoring role (as in Bhide, 1993; Aghion et al., 2000).”